RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PAGP
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Weaker technical forecast for Plains Group Holdings LP as stock downgraded to Hold/Accumulate.
(Updated on Jul 19, 2024)

Buy or Hold candidate since Jun 24, 2024 Gain 7.58% PDF

The Plains Group Holdings LP stock price fell by -0.404% on the last day (Friday, 19th Jul 2024) from $19.81 to $19.73. During the last trading day the stock fluctuated 1.83% from a day low at $19.63 to a day high of $19.99. The price has risen in 6 of the last 10 days and is up by 1.44% over the past 2 weeks. Volume has increased on the last day by 658 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $21.53 million.

The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $19.83 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.40% during the next 3 months and, with a 90% probability hold a price between $18.74 and $20.90 at the end of this 3-month period.

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PAGP Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, July 18, 2024, and so far it has fallen -0.404%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Plains Group Holdings LP stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $19.61 and $18.62. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Plains Group Holdings LP stock

On the downside, the stock finds support just below today's level from accumulated volume at $18.54 and $18.40. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Plains Group Holdings LP finds support just below today's level at $18.54. If this is broken, then the next support from accumulated volume will be at $18.40 and $17.78.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.360 between high and low, or 1.83%. For the last week, the stock has had daily average volatility of 1.53%.

Our recommended stop-loss: $19.21 (-2.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 23 days ago.)

Trading Expectations (PAGP) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Plains Group Holdings LP to open at $19.78, and during the day (based on 14 day Average True Range), to move between $19.43 and $20.03, which gives a possible trading interval of +/-$0.304 (+/-1.54%) up or down from last closing price. If Plains Group Holdings LP takes out the full calculated possible swing range there will be an estimated 3.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $19.79 (0.30%) than the support at $18.54 (6.03%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Plains Group Holdings LP stock A Buy?

Plains Group Holdings LP holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.980 Hold/Accumulate Downgraded

Predicted Opening Price for Plains Group Holdings LP of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$19.78 ( 0.270%) $19.73

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PAGP

Fibonacci Support & Resistance Levels

Level Price
R3 20.14 2.09%
R2 20.01 1.40%
R1 19.92 0.97%
Price 19.73
S1 19.65 -0.427%
S2 19.56 -0.86%
S3 19.42 -1.55%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 19.81 0.405%
R1 19.79 0.304%
Price 19.73
S1 18.54 -6.03%
S2 18.40 -6.74%
S3 17.78 -9.88%

PAGP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 03, 2024 Jul 31, 2024 Aug 14, 2024 $0.318 1.61%
2 Apr 30, 2024 Apr 30, 2024 May 15, 2024 $0.318 1.74%
3 Jan 08, 2024 Jan 30, 2024 Feb 14, 2024 $0.318 1.94%
4 Oct 05, 2023 Oct 30, 2023 Nov 14, 2023 $0.268 1.68%
5 Jul 06, 2023 Jul 28, 2023 Aug 14, 2023 $0.268 1.68%

FAQ

What is the symbol for Plains Group Holdings LP Stock and on which exchange is it traded?
The symbol for Plains Group Holdings LP is PAGP and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Plains Group Holdings LP Stock?
Plains Group Holdings LP holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Plains Group Holdings LP Stock?
Plains Group Holdings LP Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Plains Group Holdings LP Stock.

What's the current price of Plains Group Holdings LP Stock?
As of the end of day on the Jul 19, 2024, the price of an Plains Group Holdings LP (PAGP) share was $19.73.

What is the 52-week high and low for Plains Group Holdings LP Stock?
The 52-week high for Plains Group Holdings LP Stock is $19.99 and the 52-week low is $14.71.

What is the market capitalization of Plains Group Holdings LP Stock?
As of the Jul 19, 2024, the market capitalization of Plains Group Holdings LP is 3.892B.

When is the next earnings date for Plains Group Holdings LP?
The upcoming earnings date for Plains Group Holdings LP is Aug 02, 2024.
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About Plains Group Holdings LP

Plains Group Holdings LP Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream energy infrastructure in the United States and Canada. The company operates in two segments, Crude Oil and Natural Gas Liquids (NGLs). The company engages in the transportation of crude oil and NGLs on pipelines, gathering systems, and trucks. As of December 31, 2021, this segment owned and leased assets comprising 18,300 miles of cru... PAGP Profile

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